$QRTEA
Qurate Retail, Inc.

2019 Q2 Form 10-Q Financial Statement

#000155837019007730 Filed on August 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $3.111B $3.233B
YoY Change -3.77% 37.81%
Cost Of Revenue $1.996B $2.050B
YoY Change -2.63% 37.22%
Gross Profit $1.115B $1.183B
YoY Change -5.75% 38.85%
Gross Profit Margin 35.84% 36.59%
Selling, General & Admin $424.0M $428.0M
YoY Change -0.93% 82.91%
% of Gross Profit 38.03% 36.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $158.0M $159.0M
YoY Change -0.63% -22.44%
% of Gross Profit 14.17% 13.44%
Operating Expenses $424.0M $428.0M
YoY Change -0.93% -27.09%
Operating Profit $336.0M $358.0M
YoY Change -6.15% 35.09%
Interest Expense $93.00M $96.00M
YoY Change -3.13% -241.18%
% of Operating Profit 27.68% 26.82%
Other Income/Expense, Net -$236.0M -$114.0M
YoY Change 107.02% 1325.0%
Pretax Income $100.0M $244.0M
YoY Change -59.02% 29.1%
Income Tax -$30.00M $46.00M
% Of Pretax Income -30.0% 18.85%
Net Earnings $118.0M $187.0M
YoY Change -36.9% 68.47%
Net Earnings / Revenue 3.79% 5.78%
Basic Earnings Per Share $0.28
Diluted Earnings Per Share $0.28 $397.0K
COMMON SHARES
Basic Shares Outstanding 428.0M 467.0M
Diluted Shares Outstanding 428.0M 471.0M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $519.0M $657.0M
YoY Change -21.0% 56.43%
Cash & Equivalents $519.0M $665.0M
Short-Term Investments
Other Short-Term Assets $203.0M $200.0M
YoY Change 1.5% 135.29%
Inventory $1.516B $1.510B
Prepaid Expenses
Receivables $1.295B $1.103B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.533B $3.470B
YoY Change 1.82% 41.34%
LONG-TERM ASSETS
Property, Plant & Equipment $1.339B $1.303B
YoY Change 2.76% 16.86%
Goodwill $7.021B
YoY Change
Intangibles $3.895B
YoY Change
Long-Term Investments $162.0M $824.0M
YoY Change -80.34% 252.14%
Other Assets $765.0M $126.0M
YoY Change 507.14% 320.0%
Total Long-Term Assets $14.19B $14.36B
YoY Change -1.19% 24.88%
TOTAL ASSETS
Total Short-Term Assets $3.533B $3.470B
Total Long-Term Assets $14.19B $14.36B
Total Assets $17.72B $17.83B
YoY Change -0.61% 27.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $861.0M $925.0M
YoY Change -6.92% 29.55%
Accrued Expenses $949.0M $926.0M
YoY Change 2.48% 60.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.195B $1.442B
YoY Change -17.13% 8912.5%
Total Short-Term Liabilities $3.172B $3.459B
YoY Change -8.3% 121.45%
LONG-TERM LIABILITIES
Long-Term Debt $6.283B $6.253B
YoY Change 0.48% 2.83%
Other Long-Term Liabilities $725.0M $225.0M
YoY Change 222.22% 55.17%
Total Long-Term Liabilities $7.008B $6.478B
YoY Change 8.18% 4.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.172B $3.459B
Total Long-Term Liabilities $7.008B $6.478B
Total Liabilities $12.08B $12.14B
YoY Change -0.51% 35.7%
SHAREHOLDERS EQUITY
Retained Earnings $5.583B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.523B $5.687B
YoY Change
Total Liabilities & Shareholders Equity $17.72B $17.83B
YoY Change -0.61% 27.78%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $118.0M $187.0M
YoY Change -36.9% 68.47%
Depreciation, Depletion And Amortization $158.0M $159.0M
YoY Change -0.63% -22.44%
Cash From Operating Activities $437.0M $423.0M
YoY Change 3.31% 96.74%
INVESTING ACTIVITIES
Capital Expenditures -$106.0M -$51.00M
YoY Change 107.84% 15.91%
Acquisitions
YoY Change
Other Investing Activities -$95.00M -$66.00M
YoY Change 43.94% 144.44%
Cash From Investing Activities -$201.0M -$117.0M
YoY Change 71.79% 64.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -229.0M -695.0M
YoY Change -67.05% 574.76%
NET CHANGE
Cash From Operating Activities 437.0M 423.0M
Cash From Investing Activities -201.0M -117.0M
Cash From Financing Activities -229.0M -695.0M
Net Change In Cash 7.000M -389.0M
YoY Change -101.8% -1048.78%
FREE CASH FLOW
Cash From Operating Activities $437.0M $423.0M
Capital Expenditures -$106.0M -$51.00M
Free Cash Flow $543.0M $474.0M
YoY Change 14.56% 83.01%

Facts In Submission

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AcquisitionRestructuringAndAdvisoryFees
2000000
qrtea Acquisition Restructuring And Advisory Fees
AcquisitionRestructuringAndAdvisoryFees
1000000
qrtea Acquisition Restructuring And Advisory Fees
AcquisitionRestructuringAndAdvisoryFees
14000000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
336000000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
358000000
us-gaap Operating Income Loss
OperatingIncomeLoss
624000000
us-gaap Operating Income Loss
OperatingIncomeLoss
652000000
CY2019Q2 us-gaap Interest Expense
InterestExpense
93000000
CY2018Q2 us-gaap Interest Expense
InterestExpense
96000000
us-gaap Interest Expense
InterestExpense
189000000
us-gaap Interest Expense
InterestExpense
194000000
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-23000000
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-46000000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-68000000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-60000000
CY2019Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-113000000
CY2018Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
20000000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-194000000
us-gaap Gain Loss On Investments
GainLossOnInvestments
119000000
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-7000000
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-15000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19000000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
100000000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
244000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
158000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
536000000

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